4/A: Ducommun Inc. Executive Laureen S. Gonzalez Reports Amended Transaction in Beneficial Ownership
SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)
Laureen S. Gonzalez, V.P., CHRO of Ducommun Inc., files an amended report detailing a transaction involving the withholding of shares to cover tax obligations and shares acquired through the Employee Stock Purchase Plan.
Summary
- Laureen S. Gonzalez, V.P., CHRO of Ducommun Inc., filed an amended Form 4 on January 6, 2025, regarding changes in beneficial ownership of the company's stock.
- The amendment corrects a previous error in the number of shares withheld on December 6, 2024, to satisfy tax obligations related to the settlement of 334 restricted stock units; the number was corrected from 170 to 180 shares.
- The reported transaction involved the withholding of 180 shares of common stock at a price of $63.67 to cover tax obligations.
- Gonzalez also reported owning 7,739 shares of Ducommun Inc. common stock following the reported transactions, which includes 39 shares acquired through the Employee Stock Purchase Plan on July 31, 2024.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing. The sentiment is neutral as it reports factual information about stock transactions. The correction of the error is a positive sign of attention to detail.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency regarding insider transactions.
Comparison to Industry Standards
- Executive compensation practices, including stock options and restricted stock units, are standard across publicly traded companies like Ducommun.
- Companies such as TransDigm Group Incorporated, HEICO Corporation, and Triumph Group, Inc. also utilize similar equity-based compensation plans for their executives.
- Form 4 filings are a standard requirement for reporting changes in beneficial ownership, ensuring compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
- The correction of the error ensures accurate information is available to stakeholders.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | 39 shares of common stock acquired through Ducommun Incorporated's Employee Stock Purchase Plan. |
| 12/06/2024 | Date of earliest transaction; shares withheld to satisfy tax obligations. |
| 01/06/2025 | Date of the amended filing. |
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